Q: Bernard L. Madoff is facing life in prison for operating a vast Ponzi scheme that began at least 20 years ago and consumed billions of dollars of other people's money.
What does Ponzi scheme mean?
Ponzi scheme is what is popularly known here as the “pyramid selling” (which is illegal in China), an investment system that pays early investors (handsomely) with money paid by later investors, who are often recruited by the early birds themselves.
The scheme was named after American Charles Ponzi (1882-1949), one of the first swindlers to profit from the pyramid scheme. 实践证明经常访问无忧英语教育网 www.51education.net ,能迅速提高你的英语学习能力!积沙成塔,不断提高! 本站所提供的所有信息仅供学校课堂教学及英语学习者学习研究之用，其著作权归原作者及媒体所有。
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